Homework: Motivational Strategies
Context: You have covered a lot of materials, including innovation, change, diversity, and motivating employees. You've applied these concepts to your chosen company looking at the changes occurring in your company and at how your company rewards their employees. In this milestone you'll build on your discussion prompt research and dive even further into employee motivation concepts.
First, be sure you have read Chapters 7 through 10 in the text.
Next, watch the following video clips from the lab:
i. Chapter 08: Concept Clip: Performance Evaluations/Appraisals
ii. Chapter 09: Concept Clip: Big Five Personality Factors
iii. Chapter 09: Concept Clip: Perceptions
Requirements: Review the research you and your classmates did in the discussion relevant to change and in this week's discussion relevant to motivating employees. Look for patterns and connecting concepts. For example, during a period of change, what was most motivating for employees? Then review the Chapter 8 and 9 videos on performance evaluations, personality factors, and perceptions. Finally, construct a plan that you feel would most effectively motivate the human capital in the company you have been researching for your project.
Your third milestone submission should address the following requirements:
I. Explain whether you will or will not implement a formal performance evaluation process and defend why or why not.
II. Describe reward system you will use to motivate your employees, in detail, and why you have included each element (base pay, commission, bonus, stocks, benefits, holiday, vacation, etc. (the list is endless, so be creative!).
III. Describe your approach to rolling out and managing the change process required to transition from the current reward system to your new system.
i. What strategies will you use to manage the change?
ii. Will you be transparent in your communication or does some compensation information remain confidential?
iii. What are the most likely roadblock or resistance to change and how will you plan proactively for success?
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.